Whether your motive is yield-driven, permanent relocation, or a holiday home under the sun, buying a property in Greece is an excellent choice, but could be a complicated and time-consuming process too.
Therefore you need a real estate lifestyle coach like AV Properties. Because we make things as simple as possible without you having to worry about every little detail and paperwork.
Below you can find a comprehensive guide that will help you make the right steps before this endeavor
Step 1: Where to start with your property research
As with everything in life nowadays, you should start your property hunting journey online! There are many listing sites and realtors’ sites that could give you an idea of the available options in terms of types of properties, price range, etc.
But you should be careful! Information could be outdated or misleading.
OR you can contact us and we will provide you with a free consultation right of the bat. All you have to do is choose your dream location and leave the rest to AV Properties.
Step 2: Conduct viewings
Either directly, but preferably through an agent, you can arrange to visit the available properties, see how each property and its surrounding area really look and feel like and ask all the questions to make sure you make the right choice.
Step 3: Ask for the price or place your own offer
As soon as you make up your mind and find a property you are really interested in, you ask for the price and you can always make a counter offer (a non-binding conditional offer). You should leave some space in terms of time and budget to negotiate, as this is something quite common.
Since we know the real estate market in Greece very well we can give you valuable information and guidance in this part of the process as well. What would be a good offer, what factors affect pricing and what would the future values of the property would be based on the overall location’s development.
Step 4: Letter of Intent
Once the price is settled, you can proceed with a Letter of Intent where you can ask to see all the relevant property documents and data (titles, permits, etc.). A small reservation fee may reasonably be required by the owner to confirm your commitment.
What is more, AV Properties undertakes the task of drafting the LoI and provide you with all the relevant documents. No need to do anything yourself.
Step 5: Formalities
You can opt in to proceed directly or with a proxy via a Power of Attorney (PoA) with a lawyer. You must then issue a Tax Registry Number and open a Greek bank account.
AV Properties can recommend a Law Firm that can be responsible for the above task.
Step 6: Pre-Agreement
A preliminary agreement could be prepared and signed by both parties either privately or before a competent Notary, which is preferable. This binds both the buyer and the seller in terms of price, date of completion of the transaction, withdrawal, among other terms. At the time of signing the pre-agreement, the buyer pays an agreed deposit, depending on the deal.
Step 7: Almost there
You are in the last mile of the process. A Sales Contract needs to be prepared, the appropriate documents need to be collected and finally execute the sale. It usually takes between 6 to 12 weeks to execute a Sales Contract. Physical presence during the signing of the contract is not required as long as you use a proxy.
AV Properties is your real estate lifecoach and will make your dream house true. We are working with you in every step of the process making it as easier and stress free as possible.
Buy your dream house in Athens or in one of the most beautiful islands in Greece in Cyclades. Or maybe you may be interested in West Greece or the magnificent Peloponnesus.